TDS on LongTermCapitalLoss


This query is : Resolved 

Quick Summary
A client missed filing their Income Tax Return (ITR) for FY 2019-20, during which they had a TDS credit refund from selling a flat. Their PAN is flagged, and the department has requested they file via the e-Campaign tab. The user is asking if they can still claim the TDS refund now. The consensus is that filing the ITR now should allow them to claim the refund, provided there's no outstanding tax liability or interest due that exceeds the TDS amount.

03 August 2022 I have skipped filling my clients ITR for F.Y. 2019-20. In that year he had Refund of TDS credit on sale of Flat . His PAN is flagged for not filling and dept asked to file ITR under e-Campaign tab.
Can I get the TDS Refund on filling the ITR now?? Friends kindly guide, Dhanyawaad>>>

04 August 2022 Yes, but as per the capital gains tax liability & interest due, there might be tax payable.

04 August 2022 There is no tax payable , entire TDS is refund. The issue is Can i claim get TDS refund on Flat sale in FY 2019-20

04 August 2022 Yes, file return, if there is refund due, you will get it.

04 August 2022 Gr8 Dhanyawaad Sir, i asked because 1 guy told that u cant get refund of TDS on flat sale of prevoius years

04 August 2022 That is due to tax liability is generally more than TDS.


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